The trend is clear. People today prefer to pay digitally. That includes everything from Amazon purchases to their monthly utility bill – and yes, their insurance premiums! While there are still a few diehard check writers out there, digital transformation is here to stay. The Many Benefits of Digital Payments
Congratulations! You’ve made the decision to offer digital payments and (fingers crossed) wean your clients off checkwriting forever. It should be easy to pick a payment processor for your agency, MGA or premium finance company — right? Of course, we think it’s a no-brainer. But many of our clients come
Whether you’re new to ePayPolicy or already a client, you may not know that ePayPolicy offers three levels of subscription: basic, custom and integrated. Naturally, the payment page is a central feature (and benefit) of each subscription. The one that’s right for you depends on the level of convenience and
There’s more to ePayPolicy than taking digital payments from insureds. You can also take—and make—payments across all insurance verticals. The ePayPolicy Payment Network connects independent agencies, brokers, MGAs and premium finance companies with each other, as well as to carriers and insureds. How Network payables work Sending payments to partners
ePayPolicy offers two features that make payment a “set it, and forget it” proposition for those paying you. We get a lot of questions about the difference between AutoPay and Recurring Payments. Here’s a quick overview to take the mystery out of these convenient features: Recurring Payments Recurring payments are
“It’s not us, it’s you.” Several insurance agents that use large payment processors (operate in multiple verticals) have reported being kicked off their payment processor, with no other explanation than “our product is not a good fit for your industry.” Well, their loss is potentially your gain. We can’t tell
I’ve always loved a good analogy, as it makes concepts concrete and relatable. With March Madness underway I couldn’t help but turn to that annual phenomenon — the office pool — to help put what we do here at ePayPolicy into perspective. With an estimated $9 billion bet on these
What’s the biggest disruptor affecting the insurance industry? Your customers. As their expectations and demands change at the speed of technology—it’s your job to keep up. According to TechCrunch, at the end of 2016, 4.8Billion individuals were using their mobile devices. By 2020 90% of smartphone users will have made a mobile
In today’s constantly changing world, the insurance industry must find innovative ways to improve productivity and at the same time, satisfy their customers. What’s the easiest way to boost productivity? Automation. au•to•ma•tion (n): The technique, method, or system of operating or controlling a process by highly automatic means, as by electronic
It’s funny how much we all fight change. It’s a normal human tendency. But there’s one instance I run across recently that illustrates that clearer than ever – the use of virtual checks. Follow me on this one… As a preferred payment method, paper checks hit their peak in 1995
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